Copy - S - Print: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Copy - S - Print
NACE 18.110, Printing and reproduction of recorded media
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€835
2024 · €9,379-€8,545
Equity
€247,391
2024 · €246,556+€835
Cash
€46,044
2024 · €47,054-€1,010
Balance sheet total
€309,786
2024 · €348,758-€38,972
Largest movements
Assets
- Tangible fixed assets -€18,707
down €18,707 (-33.0%), from €56,684 to €37,977
- Current investments -€15,959
down €15,959 (-10.3%), from €155,645 to €139,686
Equity and liabilities
- Debts after one year -€19,829
down €19,829 (-54.0%), from €36,731 to €16,902
- Trade debts -€10,834
down €10,834 (-50.2%), from €21,575 to €10,741
- Tax, wage and social debts -€8,253
down €8,253 (-42.7%), from €19,332 to €11,079
of which Taxes: -€5,653
Income statement
- Financial charges +€24,500
up €24,500 (+575%), from €4,264 to €28,764
- Financial income +€11,300
up €11,300 (+691%), from €1,636 to €12,936
- Gross operating margin -€9,778
down €9,778 (-15.7%), from €62,195 to €52,418
- Staff costs -€6,025
down €6,025 (-34.3%), from €17,557 to €11,532
- Taxes -€4,737
down €4,737 (-80.8%), from €5,865 to €1,128
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€9,379
Gross operating margin
-€9,778
Staff costs
+€6,025
Depreciation
+€430
Other operating charges
+€4,486
Financial income
+€11,300
Financial charges
-€24,500
Taxes
+€4,737
Deferred taxes and other
-€1,246
Result 2025
€835
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6,489
Investment
+€12,626
Financing
-€20,125
Cash 2024
€47,054
From operations (derived)
+€6,489
Net result for the year
+€835
Depreciation
+€22,040
Stocks and contracts
+€2,342
Receivables within one year
+€1,941
Deferred charges and accrued income
-€988
Provisions
-€785
Trade debts
-€10,834
Tax, wage and social debts
-€8,253
Other debts
+€190
Investment (derived)
+€12,626
Investment in fixed assets (net)
-€3,333
Current investments
+€15,959
Financing
-€20,125
Debts after one year
-€19,829
Current portion of long-term debt
-€296
Cash 2025
€46,044
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,758 | €309,786 | -€38,972 | -11.2% |
| Fixed assets | 21/28 | €56,684 | €37,977 | -€18,707 | -33.0% |
| Tangible fixed assets | 22/27 | €56,684 | €37,977 | -€18,707 | -33.0% |
| Plant, machinery and equipment | 23 | €20,851 | €12,979 | -€7,872 | -37.8% |
| Furniture and vehicles | 24 | €2,903 | €1,004 | -€1,899 | -65.4% |
| Leasing and similar rights | 25 | €32,931 | €23,994 | -€8,937 | -27.1% |
| Current assets | 29/58 | €292,074 | €271,809 | -€20,265 | -6.9% |
| Stocks and contracts in progress | 3 | €16,398 | €14,056 | -€2,342 | -14.3% |
| Stocks | 30/36 | €16,398 | €14,056 | -€2,342 | -14.3% |
| Amounts receivable within one year | 40/41 | €71,793 | €69,851 | -€1,941 | -2.7% |
| Trade receivables | 40 | €70,309 | €67,517 | -€2,792 | -4.0% |
| Other amounts receivable | 41 | €1,484 | €2,335 | +€851 | +57.3% |
| Current investments | 50/53 | €155,645 | €139,686 | -€15,959 | -10.3% |
| Cash at bank and in hand | 54/58 | €47,054 | €46,044 | -€1,010 | -2.1% |
| Deferred charges and accrued income | 490/1 | €1,184 | €2,172 | +€988 | +83.5% |
| Total equity and liabilities | 10/49 | €348,758 | €309,786 | -€38,972 | -11.2% |
| Equity | 10/15 | €246,556 | €247,391 | +€835 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,638 | €100,407 | +€769 | +0.8% |
| Tax-exempt reserves | 132 | €8,505 | €6,675 | -€1,831 | -21.5% |
| Distributable reserves | 133 | €91,132 | €93,732 | +€2,600 | +2.9% |
| Profit (loss) carried forward | 14 | €128,319 | €128,384 | +€65 | +0.1% |
| Provisions and deferred taxes | 16 | €3,645 | €2,861 | -€785 | -21.5% |
| Deferred taxes | 168 | €3,645 | €2,861 | -€785 | -21.5% |
| Amounts payable | 17/49 | €98,556 | €59,534 | -€39,022 | -39.6% |
| Amounts payable after more than one year | 17 | €36,731 | €16,902 | -€19,829 | -54.0% |
| Financial debts | 170/4 | €36,731 | €16,902 | -€19,829 | -54.0% |
| Amounts payable within one year | 42/48 | €61,825 | €42,632 | -€19,193 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €19,308 | €19,012 | -€296 | -1.5% |
| Trade debts | 44 | €21,575 | €10,741 | -€10,834 | -50.2% |
| Suppliers | 440/4 | €21,575 | €10,741 | -€10,834 | -50.2% |
| Taxes, remuneration and social security | 45 | €19,332 | €11,079 | -€8,253 | -42.7% |
| Taxes | 450/3 | €14,465 | €8,812 | -€5,653 | -39.1% |
| Remuneration and social security | 454/9 | €4,867 | €2,267 | -€2,600 | -53.4% |
| Other amounts payable | 47/48 | €1,609 | €1,800 | +€190 | +11.8% |
| Remuneration, social security and pensions | 62 | €17,557 | €11,532 | -€6,025 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,470 | €22,040 | -€430 | -1.9% |
| Other operating charges | 640/8 | €6,325 | €1,840 | -€4,486 | -70.9% |
| Gross operating margin | 9900 | €62,195 | €52,418 | -€9,778 | -15.7% |
| Operating profit (loss) | 9901 | €15,842 | €17,006 | +€1,163 | +7.3% |
| Financial income | 75/76B | €1,636 | €12,936 | +€11,300 | +691% |
| Recurring financial income | 75 | €1,636 | €12,936 | +€11,300 | +691% |
| Financial charges | 65/66B | €4,264 | €28,764 | +€24,500 | +575% |
| Recurring financial charges | 65 | €4,264 | €28,764 | +€24,500 | +575% |
| Profit (loss) for the period before taxes | 9903 | €13,214 | €1,178 | -€12,036 | -91.1% |
| Transfer from deferred taxes | 780 | €2,030 | €785 | -€1,246 | -61.4% |
| Income taxes | 67/77 | €5,865 | €1,128 | -€4,737 | -80.8% |
| Profit (loss) for the period | 9904 | €9,379 | €835 | -€8,545 | -91.1% |
| Transfer from tax-exempt reserves | 789 | €4,737 | €1,831 | -€2,907 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,117 | €2,665 | -€11,451 | -81.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.